The Illusion of an Uptrend When it comes to bullish stock investors, the recent explosive rally in the stock market following a better-than-expected report on inflation might seem incredibly promising. However, it is crucial to temper this enthusiasm and take into account the historical trends surrounding such rallies. Bear Market vs Major Uptrends An analysis of the Nasdaq … [Read more...] about Beware of Huge Stock Market Rallies: A Closer Look
Slowdown in Demand for Burberry
Burberry, the renowned British fashion firm, has recently joined the list of luxury companies experiencing a decline in demand due to inflationary pressures impacting affluent consumers worldwide. In a recent announcement on Thursday, Burberry expressed concerns about meeting its fiscal year targets if this trend persists, following a significant slowdown in second-quarter … [Read more...] about Slowdown in Demand for Burberry
Thanksgiving Dinner Costs Drop
The cost of a traditional Thanksgiving dinner for 10 people is expected to be more affordable this year due to a decrease in turkey prices. According to the American Farm Bureau Federation, the overall cost has decreased by 4.5% from last year, totaling $61.17 or $6.12 per person. Turkey, being the centerpiece of the meal, contributes the most to the total cost. However, this … [Read more...] about Thanksgiving Dinner Costs Drop
City Pub Group Shares Rise after Takeover Agreement with Young & Co.’s Brewery
City Pub Group's shares have surged by 37% after the company announced its agreement to a £162 million ($201.2 million) takeover by Young & Co.'s Brewery. However, it is expected that there will be job cuts following the completion of the deal. At 13:52 GMT, the shares were up 36.50 pence, reaching 135.50 pence, whereas Young shares declined by 10.0 pence or 0.9% to 1,100.0 … [Read more...] about City Pub Group Shares Rise after Takeover Agreement with Young & Co.’s Brewery
Mortgage Rates See Third Consecutive Weekly Decrease
The latest data suggests that mortgage rates have fallen for the third consecutive week, signaling a potential slowdown in inflation. As of November 16, the 30-year fixed-rate mortgage averaged 7.44%, a decrease of 6 basis points from the previous week. This figure is also lower compared to the 7.5% average from the same time last year. In addition, the average rate on the … [Read more...] about Mortgage Rates See Third Consecutive Weekly Decrease
